Apple Reports Strong Fourth Quarter Results with iPhone Sales Soar in China
HONG KONG, Nov 16, 2023 - (ACN Newswire) - Apple recently announced its financial results for the fourth quarter of the 2023 fiscal year, revealing impressive figures.
- HONG KONG, Nov 16, 2023 - (ACN Newswire) - Apple recently announced its financial results for the fourth quarter of the 2023 fiscal year, revealing impressive figures.
- iPhone sales accounted for around 50% of the total revenue, reaching $43.8 billion, representing a year-on-year growth of about 3%.
- Additionally, service revenue reached a new record high at approximately $22.3 billion, showing a year-on-year growth of about 16%.
- While Apple's revenue in Greater China declined by 2.5% due to exchange rate fluctuations, Apple CEO Tim Cook highlighted that iPhone revenue in mainland China set a September quarter record.